BAC appears to be putting in a symmetrical triangle on the daily. No clear signs as to which way it may break so I will be waiting for the trendline break and paying close attention to the Major Support/Resistance lines. Feel free to share you opinions/criticisms.
You are looking at a WEEKLY chart of Macys. This stock has been in an uptrend for 6 years! As you look through a bunch of stock charts each weekend, you should be looking for stocks like this one. There is no telling how long this uptrend will last but the trend is your friend until its not. My advice, wait for a pull back to the uptrend line (UT 3) or a break...
MagneGas (MNGA) has recently had a large order placed to place acetylene in plants for an unnamed cement company (Argos Cement is being named as the number one suspect for the company who placed the order). This caused the stock to gain 10.1% up to .95 a share from its previous .84 a share. There was also a volume spike due to the breaking news the company issued...
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year... Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore...
We are going back to the the support line from the pre 2013 mega rally. As we already passed the great short of 2014 and reached bottom around 200, we are now headed to a steady rise, with opportunities for long positions placed at 230's. Following this steady rise, we won't be reaching the 300 mark before mid july, but if the previous run repeats, we will see...
Projection of the market based on long term analysis since 2000. Double top that broke to the upside in May 2013 and has reached the Fibonacci resistance.
A clear head and shoulders pattern has appeared. Target $56 by September Moving average crossover and acceleration bands correlate strongly with head and shoulders pattern. Possible long term short if it hits neckline
Above is the month chart of WTI with log scale price. We can see the fibonacci retrace level from 9.75$ to 147.27$. The 0.764 position is 42$. This is a signal of the bottom of WTI at the moment. Another indication is the Gan fans from 33.2$ at 2009, the 42$ is at 8/1 angle. The next resistance level will be near 62.44$.
SCENARIO 1: Last time we hit 0.960 was in March of 2014. The downside move had massive follow-through. However this time around we hit 0.960 and had little follow-through respecting the ascending trendline as support once again and price looks as if it wants to test 0.960 once more. A strong psychological level of 0.960 acting as resistance paired with the Dec....
see chart for details, but I see a break and retest of a monthly trendline (in red), as well as a weekly trendline (in blue). also, the resent swing high by EG touches the 0.618 retracement of the prior major move down. My ultimate target could therefore be at 0.63981, the 1.618 extension level of most recent move.
The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend. Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed...
GPRO has been in a downtrend for over 5 months now. Its backed itself up into its key support line that dates back to the early days of this young stock's IPO. $37 is the area to watch for. If it fails, we will see new lows before we see new highs in GPRO. For confirmation of a reversal I'd like to see GPRO hold over $45. If GPRO can get over the $50 hump I...
Is it time to go LONG EURUSD? EURUSD looks pretty much like free fall over last year – 9 months of consecutive losses. From almost 1.4 (May 2014) we are sitting at 1.07 that’s a loss of 23.5% in EUR value. Is it time to go LONG now? Based on 1M time frame. RSI is strongly oversold (7.64) at its lowest level since 1993. Fibonacci extension of 123.6% (I know...
Yesterday's close once again confirmed EUR weakness. Offcourse some of the traders are experiencing discomfort with not being in it :) As far as I can see, the price is showing us a 1H weak reversal signal (do not use it) which is giving us a possibility to sell by a better price. Sell Levels: 1.0825 1.0900 SL > 1.0900 (maximum, in case of 1.0825 Bouncing -...
At the moment the price doesn't show any reversal patterns. Use Intraday Price action to trade, continuation of a down move for today is likely.
The Price is at the very strong support area. The bounce of this area is highly possible mid-long term . In case on a "Bounce" Scenario - the 1st target will be at Weekly 0.7750 resistance area. The break towards down is also possible, but have to be confirmed with a price action,
Start of a long term, high profit trend. Has continued short interest in the face of reg-sho forced buybacks (buy-ins), brokers are forcing people to cover at a loss and now have the stock on not able to borrow lists. At historically low levels with support and high bullish volume. Reward to risk favors the longs, a wise portfolio investment.
Chart says it all Tweezer double bottom forming on AUDUSD.